“Corporate and buy side firms can now benefit from meeting the mandatory regulatory reporting deadline through use of our easily accessible centralised solution for over-the-counter and listed derivative transactions connected into the market leading REGIS-TR trade repository,” says Hirander Misra, chief executive officer of GMEX Group and director and co-founder of GRC.

Nicolas Boatwright, managing director of REGIS-TR, says: “We are delighted that GRC have chosen to partner with us to deliver this industry leading trade reporting service to its customer base. Our approach emphasises simplicity, accessibility and predictability. We also believe having flexible participant profiles that allow any entity to participate directly and/or delegate to a third party is a significant customer benefit.”

GRC and REGIS-TR are currently on-boarding market participants to ensure early compliance with the EMIR reporting obligation. REGIS-TR currently has almost 1,000 participants to its test environment, comprising a wide variety of Pan-European financial institutions as well as non-financial entities across all corporate sectors with a reporting obligation to EMIR.